FOFA

Financial planning

If FoFA cost $3 billion, what will FASEA cost?

The Government and the industry needs to start counting the cost of the Financial Adviser Standards and Ethics Authority regime implementation in circumstances where no o...

Financial planning

FPA creates distance between advisers and LIC debate

The Financial Planning Association has sought to make very sure that advisers do not get negatively roped into the current debate around stamping fee exemptions....

Features

InFocus: Asset-based fees – utilitarian or inappropriate?

Mike Taylor writes that while the critics of asset-based fees paint them as being as inappropriate as commissions, the commercial evidence suggests their use fills an imp...

Financial planning

Major accounting bodies want far more than accountant’s exemption

The major accounting bodies want far more than the re-establishment of the accountant’s exemptions – they want a wholesale review of a post-Future of Financial Advice reg...

Financial planning

New push to reinstate Accountant’s Exemption

The Institute of Public Accountants has emerged at the head of a new push to reinstate the Accountants’ Exemption....

Financial planning

12-monthly opt-in back on the legislative agenda

Advisers have been urged to be mindful of the Treasurer, Josh Frydenberg’s move to impose 12-monthly opt-in and fee disclosure arrangements....

Financial planning

Count’s 60% revenue challenge a pointer to industry pain

The degree of commercial pain being felt by financial planning dealer groups has been laid bare in the documentation surrounding the CountPlus acquisition of Count Financ...

Superannuation

Suncorp to defend class action over fees

Conflicted fees are once again a hot legal topic, with Suncorp being hit with a class action in the New South Wales Supreme Court over superannuation commissions paid to ...

Financial planning

Adviser Ratings seeks to crowd fund growth

Adviser Ratings, the firm that grew out of the Future of Financial Advice and the consumer movement, is now seeking to crowd-fund its growth initiatives....

Editorial

Leaking billions, the banks depart wealth management

Just short of 20 years after beginning their adventure in wealth management, the major banks have all headed for the exit, leaking billions of dollars. ...

Editorial

Hayne’s findings important but not without flaw

The chief executive of the Financial Planning Association (FPA), Dante De Gori is absolutely right to urge the major parties against turning the final recommendations of ...

Policy & Regulation

Choice wants voice on RC rectification taskforce

Consumer group Choice wants the Federal Government to fund a Royal Commission rectification taskforce and, furthermore, it wants recognition as a key stakeholder in imple...

Financial planning

Fiducian signals business as normal post-RC

Fiducian executive chairman, Indy Singh has signalled it will be business as usual at his firm in the wake of the Royal Commission....

Life/Risk

Synchron signals lobbying effort on risk commissions

Risk-focused financial planning group, Synchron has signalled its intention to lobby the Government for the retention of life/risk commissions beyond the 2022 Life Insura...

Financial planning

Are APLs really necessary?

With the Royal Commission questioning the role of Approved Product Lists a larger question has arisen about whether self-licensed advisers are achieving better outcomes t...